Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Up 0.5 %

Shares of NYSE TRT opened at $5.92 on Tuesday. Trio-Tech International has a 52-week low of $4.94 and a 52-week high of $7.88. The firm has a fifty day moving average of $6.48 and a 200-day moving average of $6.12. The stock has a market capitalization of $25.16 million, a PE ratio of 42.29 and a beta of 1.06. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities and Exchange Commission. 16.03% of the stock is owned by hedge funds and other institutional investors.

Trio-Tech International Company Profile

Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors.